Kentucky Real Estate Salesperson Exam — All Questions

The listing agent must deliver the Kentucky Seller's Disclosure of Property Conditions form to a prospective purchaser within:

• a.Seventy-two hours of receiving a signed offer✓
• b.Twenty-four hours of the first property showing
• c.Ten days of receiving any written offer
• d.Five days before the scheduled closing

The seller completes and signs the form when the listing agreement is executed; the listing agent must deliver a copy to a prospective purchaser or representative within seventy-two hours of receiving a written and signed offer to purchase, and must solicit the buyer's signature or note the refusal on the form. For a property with no listing agreement, the completed form goes to the buyer within 120 hours of the executory contract. Cite: KRS 324.360(4)-(5) (eff. July 14, 2000).

The Kentucky Seller's Disclosure of Property Conditions form is NOT required for:

• a.A sale of a townhouse listed by a licensee
• b.A sale in which the buyer waives all inspections
• c.A sale of a home built more than fifty years ago
• d.An auction or a court-supervised foreclosure✓

The form is excused for a new home sold with a warranty, a sale of real estate at auction, and a court-supervised foreclosure. Nothing excuses it because of the building's age or an inspection waiver, and the commission's regulation reaches duplexes, triplexes, fourplexes, condominiums and townhouses as well as stand-alone houses. A licensee may not fill in any part of the form unless he or she owns the property or the owner requested it in writing on the form. Cite: KRS 324.360(7) and (9) (eff. July 14, 2000); 201 KAR 11:121, Section 4(1).

For Kentucky real estate advertising on the internet and social media:

• a.Only the account profile must carry the disclosure
• b.Each page or post is a separate advertisement✓
• c.One disclosure per website is enough
• d.Social media posts are exempt from these rules

Every individual viewable page or post counts as its own advertisement and must show the full registered name of the brokerage company, or of the principal broker with a clear designation of that status, in the header or otherwise visible without scrolling. If a page cannot carry it, the post needs a clear clickable link to one that does. An affiliated licensee's own name may not appear larger than the required company content. Cite: 201 KAR 11:105, Sections 2(2) and 3(2)-(3) (eff. 12-16-2019).

The Kentucky Civil Rights Act's owner-occupied exemption from the housing discrimination provisions reaches a building containing housing for not more than:

• a.Two families living independently of each other✓
• b.Three families living independently of each other
• c.Four families living independently of each other
• d.Six families living independently of each other

Kentucky's exemption is narrower than the federal one: it covers the rental of a unit in a building with accommodations for not more than two families living independently, where the owner or a family member lives in one of them, plus the rental of a single room where the owner or a family member resides. The federal Fair Housing Act's comparable exemption reaches buildings of four or fewer units. The exemptions also never cover a sale handled through a licensee. Cite: KRS 344.365(1) (eff. July 14, 1992).

A Kentucky broker charged with a housing discrimination violation argues the seller demanded it. Under the Kentucky Civil Rights Act, that argument is:

• a.A complete defense to the charge
• b.No defense at all✓
• c.A defense if the demand was in writing
• d.A defense that shifts liability to the seller

It is no defense to a violation by a real estate operator, broker, salesperson, financial institution or other covered person that the violation was requested, sought or otherwise procured by someone not subject to the chapter. Kentucky also directs its human rights commission to notify the Real Estate Commission of a blockbusting violation or a failure to comply with its orders. Cite: KRS 344.375 (created 1968); KRS 344.385(1).